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Former CSL boss Brian McNamee left the top position at blood products and vaccines supplier at the end of June with pay and entitlements worth almost $20 million. Dr McNamee spent 23 years as chief..
Etihad Airways has increased its stake in Virgin Australia, surpassing Richard Branson's Virgin Group as the airline's third largest shareholder. Abu Dhabi-based Etihad paid $11.8 million for 27.4 ..
ANZ's interest rates will be left unchanged for the next month. The bank decided to leave its standard variable mortgage rate at 5.88 per cent at latest rate review meeting, after the Reserve Bank ..
Aquila Resources has rebounded into profit as it offloads assets and plans to bring its Eagle Downs project into production by 2017. Aquila said 2012-13 profit was $317 million following a loss of ..
Energy giant AGL has increased its stake in rival Australian Power and Gas Company (APG) to more than 75 per cent and hopes to fast-track the remainder of its takeover process. AGL on Friday said i..
Australian shares have fallen from their five year highs as investors are unwilling to push prices higher. The local market is following negative leads from markets in the US and Europe, ahead of a..
The world's largest drilling company Boart Longyear has had its credit rating downgraded as it braces for a tough year ahead. Ratings agency Standard and Poor's cut the company's credit rating from..
A US court has approved the bankruptcy plan of American Airlines's parent company AMR, a key part of a proposed American-US Airways merger deal facing a government antitrust challenge. US Bankruptc..
US stocks have fallen, with uninspired trade putting a halt to the S&P 500's streak of seven straight gains. At the close on Thursday, the Dow Jones Industrial Average was down 25.96 points (0...
The Australian share market has continued its climb to new five-year highs despite disappointing jobs data. OptionsXpress market analyst Ben Le Brun said the local market had made tentative gains o..
Engineeering and construction group Forge Group has been awarded a $100 million contract to expand a West Australian iron ore mine owned by mining giant Rio Tinto. Construction at the Yandi mine, i..
Myer insists it won't be beaten by the internet retail phenomenon and that its online business will turn a maiden profit this year as it revealed annual net profit fell nine per cent. The growing s..
Singapore Telecommunications (SingTel) subsidiary Optus has secured a $530 million contract to run ANZ's telecommunications services for another five years.The deal with Optus Business includes ANZ's ..
Electricity and gas distributor SP Ausnet has lost a court appeal against amended tax rulings worth millions of dollars.The company had disputed amended tax assessments relating to deductions it claim..
Unemployment has hit a four year high and could get up to six per cent as the mining investment boom plateaus.The unemployment rate hit 5.8 per cent in August, in line with economists' forecasts - up ..
Bega Cheese has made a $319 million play for fellow dairy producer Warrnambool Cheese and Butter that could create one of Australia's largest listed food companies.But the 125-year-old Victorian diary..
Myer chief executive Bernie Brookes has criticised high wages costs and the GST as the department store's full year profit fell by 8.7 per cent to $127.2 million.Profit shrunk despite growth in sales ..
Apple shares have fallen hard after the US tech giant's unveiling of two new iPhones failed to allay concerns over a loss of momentum in the smartphone market.Shares slid 5.5 per cent to $US467.25 in ..
US stocks have closed mixed, with the Dow surging sharply higher and Apple dragging down the Nasdaq after its iPhone launch missed expectations.The Dow Jones Industrial Average surged 135.54 points (0..
The Australian share market has hit a five year high, with investors inspired by China's economic growth.Positive economic data out of China, strong Australian consumer sentiment and the likelihood of..
The managing director of the company that makes Four'n'Twenty pies has resigned.Greg Bourke ended five years as managing director of Patties Foods on Wednesday, but no reason was given for his resigna..
Oil and gas producer Oil Search plans to deliver first sales of gas from its liquefied natural gas (LNG) project in Papua New Guinea in the second half of 2014. The commissioning phase of the proje..
Personal finance loans were up seven per cent in July, official figures show. The Australian Bureau of Statistics (ABS) on Wednesday said personal finance commitments, seasonally-adjusted, rose to ..
Biotech Starpharma Holdings says it has improved a blockbuster drug that is mainly used to treat colon and colorectal cancer.Starpharma has conducted a pre-clinical study of the effects of a dendrimer..
Australian stocks are continuing to rise as the Obama administration looks to pursue a diplomatic solution to the Syrian conflict. The local market strengthened in morning trade after an overnight ..
